ProTradingPoint

Gold Next Target 1730 - 1717

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Yesterday I missed to update. But it really took a good move as based on all previous analysis. It breached down to channel support 1736 yesterday, and now psychologically next level is 1717. Before that I am sure it will test 1767 resistance. If it moves ahead to 1882 - 1885 then it is a trend changing zone and price may go up further.

Now our next target is 1717, before that it will move upward to and keep in mind that it is a trend changing zone.

The falling trendline (channel) resistance at $1785 could guard the further upside.

For future UPDATE follow

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